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Sakhalin exception: the Russian energy Japan can't quit
This year's Group of Seven president Japan has joined the bloc's condemnation of Russia's Ukraine invasion, imposing sanctions and agreeing on an oil price cap, with one exception: Moscow's Sakhalin energy projects. Several eastern European countries have secured exemptions to the bloc's oil ban and price cap, but as this year's G7 president, Japan's Sakhalin exception stands out.
Bird statue fetches $100,000 as Musk auctions Twitter HQ items
A Twitter bird statue fetched $100,000 on Wednesday as Elon Musk auctioned off furniture, decorations, kitchen equipment and more from the tech firm's downtown San Francisco headquarters.
Japan's 2022 trade deficit hits record on energy costs
Japan logged its largest ever annual trade deficit last year, with the soaring price of energy and raw materials compounded by the dramatic fall of the yen. Driven down by the gap in monetary policy between Japan and other countries, the weaker yen inflated profits for exporters but ramped up the price of imports like energy.
Asian markets track Wall St lower as recession fears return
Most stocks dropped alongside oil prices Thursday and the dollar weakened after disappointing US data renewed worries about a recession in the world's biggest economy. Worries about recession were also weighing on oil prices, despite hopes for a spike in demand as China reopens to the world.
Rapid scale-up of CO2 removal crucial for climate goals
Capping global warming at liveable levels will be impossible without massively scaling up the extraction of planet-warming carbon dioxide from the atmosphere, the first global assessment of CO2 removal warned Thursday.
Let's-a-go (to Hollywood)! First US 'Super Mario' theme park to open
Nintendo's first theme park outside of its native Japan will open in California next month, just weeks before Mario gets the big-screen treatment in a major new Hollywood film. Meanwhile, Universal Pictures -- the Hollywood film studio that shares its parent company with the theme park -- will release "The Super Mario Bros.
Microsoft to axe 10,000 jobs as tech gloom deepens
Microsoft on Wednesday said it would lay off 10,000 employees in the coming months as the economic downturn continues to punish US tech giants. The wave of firings in the tech sector have been rewarded by the stock market that had grown increasingly concerned about overspending by the US tech giants.
International arrests over 'criminal' crypto exchange
The owner of China-based cryptocurrency exchange Bitzlato was arrested in Miami on Wednesday, along with five associates in Europe, during an international operation against "darknet" markets.
Jury hears Elon Musk told 'lies' that cost Tesla investors millions
A lawyer for angry Tesla investors told a California courtroom on Wednesday that CEO Elon Musk "lied" about having funding in place to take the company private, costing his clients millions of dollars. "And his lies cost regular people like Glen Littleton to lose millions and millions of dollars," Porritt added in opening remarks.
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